If putting 20% down on a home seems impossible, you are not alone. Many homebuyers struggle with the down payment. Before you let it keep you from buying a home, learn how using gift funds may be an Read More
Ready to Buy Your First Home? 10 Tips for Succeeding in a Seller’s Market
Buying a home in a seller’s market is no easy feat. You will likely have many bidders to compete with as you try to buy the house you desire. Just how far do you take it? At what point do you give up Read More
How Much of Your Income Should you Spend on a Mortgage?
You are ready to buy a home, but have no idea how much you can afford. You know your income, but how much of it should you use for your mortgage? Is there a percentage you should keep for your other Read More
Are Interest Rates Higher for a Second Mortgage Loan?
If you have equity in your home, you may be able to borrow against it with a second mortgage loan. You’ll often hear them by the name home equity line of credit, HELOC, and home equity loan. No matter Read More
Do Government Loan Programs Offer Better Interest Rates?
If you are a candidate for both a government-backed loan and a conventional loan, you might wonder which loans offer the better interest rates. Do FHA loans provide lower rates than Fannie Mae Read More
How Much Mortgage can I Get Approved For?
Shopping for a mortgage means more than finding the best interest rate. Before you start, you should figure out just how much money a lender will let you borrow. Once you know the amount of the loan Read More
How to Get a Home Loan With Bad Credit?
If you have bad credit, you might assume that you cannot get a home loan. You might be pleasantly surprised, then to learn that it’s not as hard as you think. While you might not qualify for Read More
Can Cosigning Affect Your Home Loan Eligibility?
If you were nice enough to help a relative out by cosigning on a loan for them, it could affect your chances of getting a mortgage. It’s not the fact that you cosigned on a loan; that’s not the Read More
How are ARM Interest Rates Determined?
ARM interest rates, otherwise known as adjustable interest rates are rates that adjust at periodic and predetermined intervals. Many borrowers take the ARM loan because of its attractive introductory Read More
The Trick to Buying a House With Low Income
If you have low income, you may think you can’t buy a home. Lenders look at your income, assets, and debt ratio, right? So how would you ever qualify if you don’t make top dollar for your Read More